PAG IBIG Housing Loan Deed of Sale

PAG IBIG Housing Loan Deed of Sale

Buying a house is always regarded as a milestone achievement in Filipino life. Some citizens can achieve their houses. Unluckily, various others can’t easily process to construct a home. The majority of people have endeavored to meet the basic needs of life. Thus Filipinos are constrained to find alternative ways to achieve their dream. Fortunately, in such circumstances, PAG IBIG awarded the housing loan Deed of Sale. Now, middle-income or low-earner Filipinos have earned their own houses.  

PAG, Home Development Mutual Fund (HDMF) has assigned its members to get the Deed of sale loan according to the property rates. Though, you have to follow some steps to acquire this loan. 

PAG IBIG Housing Loan Deed of Sale

Guide for House Loan Deed of Sale from PAG IBIG

Here is the guide to know which members are eligible for the sale deeds loan. Well, for this purpose, look at the checklist and further necessities. 

Checklist of Deed of Sale requirements

We are glad to share that you don’t need to visit the PAG IBIG counter physically. You can approach your loan via online accessibility. 

Therefore, borrowers need to prepare the  documentation for their Deed of sale loan;

  • Borrowers’ recent ID photo
  • Income certificate
  • Billing proof
  • Borrowers, co-borrower membership ID
  • Transfer Certificate Title
  • Real estate tax and tax declaration receipt
  • Seller to contract agreement letter
  • Postdated cheques
  • Additional certificates
  • Property vicinity map
  • HLA form submission 
  • NOA letter
  • Further OFW documents

Accomplishment Documents

The developer’s form must contain the following:

  • Deep of re-conveyance (DOR)
  • Counseling certification form (CCF)
  • Attorney in Fact (AIF)
  • Contract to Sell (CTS)
  • Buyer information sheet
Checklist of Deed of Sale requirements

PAG IBIG form includes:

  • Deed of absolute sale (DOAS)
  • Housing Loan Application (HLA)
  • Deed of assignments of SPA and CTS 
  • Special power of attorney (SPA)
  • Loan and mortgage-Agreement letter (LMA)
  • Disclosure declaration on the loan transaction
  • Lot and house acceptance certification
  • Conditional sales Deed – on takeout
  • Deeds of absolute sale

PAG IBIG gives ninety days to complete the requirements for NOA. Though, the members are allowed to accomplish these papers. 

  • Attested documentation of Internal Revenue from Bureau and capital gains tax payment slip
  • The mortgage transfer letter from the Registry of Deeds
  • Tax declaration payment

Once your loan application proceeds, you must get two copies of your valid documents from PAG IBIG. Furthermore, you need to check the following documents;

  • Loan proceeds application
  • Deed of Absolute Sale, this letter must be stamped from the official site of the Deeds
  • Tax real declaration contract letter
  • Resident permission letter, issued from LGU Engineering Office (in case it’s applicable)
  • Borrower’s Condominium Certificate of Title

Sometimes, borrowers are not interested in paying the entire loan via their salary deduction. They have to submit the postdated cheques for the whole year (twelve) at once.

Ultimately, you’ll receive your loan from the PAG organization. Now, you can proficiently pay your housing price to your property owner and further pay your developer to construct your home. These are the steps and required documents you need to prepare to get your Deed of sale loan from PAG.

Guide for House Loan Deed of Sale from PAG IBIG

Amortization Payment for Deed of sale

When you have achieved the membership for the Deed of sale loan, the final step is to repay your funds. Luckily PAG IBIG has made loan amortizations straightforward. You can get our schedule and calculating tool. Likewise, you upgrade your payment details to our online software. You can get the full-flagged report of your entire payments and amortizations with a due date document. Thus, PAG has straightened your pathway for building your home. The dream of house availability is near to accomplish. 

Author

  • Marina Aguilar is a freelance writer and editor with a passion for personal finance and real estate. She has been writing about finance and housing for over five years and has worked with various clients, including banks, financial institutions, and real estate developers. Marina believes that everyone deserves access to affordable housing and is committed to helping Filipino workers achieve their dream of homeownership through the Pag-IBIG Fund's housing loan program. In her free time, Marina enjoys hiking, reading, and spending time with her family.

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